eCommerce fraud losses to surpass $20 billion this year
The value of losses due to eCommerce fraud will rise this year, from $17.5 billion in 2020 to over $20 billion by 2021; a growth of 18% over a single year, according to a …
online payment
PCI SSC publishes PCI Secure Software Standard 1.1 and supporting program documentation
Version 1.1 of the PCI Secure Software Standard introduces the Terminal Software Module, a new security requirements module for payment software intended for deployment and …
Most users don’t know the capabilities and risks of QR codes
QR code usage continues to rise in popularity. In fact, 57% of respondents to a new Ivanti study claim to have noticed an increase in the usage of QR codes since mid-March …
Payment transaction volume using 3-D Secure protocol grows globally
RSA has published its latest quarterly fraud report, reinforcing the migration to more precise payment authentication methods and showing a notable spike in brand abuse …
How global markets are adopting real-time payments
More than 70.3 billion real-time payments transactions were processed globally in 2020, a surge of 41 percent compared to the previous year, as the COVID-19 pandemic …
Fraudulent purchase attempts value increased 69% in 2020
The average value of fraudulent purchase attempts increased 69% in 2020, a recent Sift report reveals. Also, several business categories were hit by both major increases in …
As online fraud rises, 72% of retail brands expect to grow fraud teams
Retailers around the world are increasing their fraud teams and budgets because of a significant rise in all types of online fraud during the pandemic, a research by Ravelin …
Fraudulent attempt purchase value decreased by $10 in 2020 compared to 2019
There has been a 24 percent increase in eCommerce transactions globally in December 2020 compared to December 2019, ACI Worldwide reveals. In particular, eCommerce …
Third-party online assets a growing security risk for retailers
83% of the top U.S. retailers have connections to a vulnerable third-party asset, and 43% have vulnerabilities that pose an immediate cybersecurity risk, Cyberpion reveals. In …
Holiday shopping season fraud stats revealed
There’s a 1% decrease in suspected online retail fraud worldwide during the start of the 2020 holiday shopping season compared to the same period in 2019, a 59% increase …
Why microlearning is the key to cybersecurity education
Cyber attacks are on the rise during this year of uncertainty and chaos. Increased working from home, online shopping, and use of social platforms to stay connected and sane …
Consumer behaviors and cyber risks of holiday shopping in 2020
While consumers are aware of increased risks and scams via the internet, they still plan to do more shopping online – and earlier – this holiday season, McAfee reveals. …
